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Is anyone else starting to become a bit excited?

q85dw7osi4lebg

As per title, have we reached the bottom ?

Don't think we'll see the likes of $3200 ever again.

$5150 at time of posting.

Back in the mainstream media once more.

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q85dw7osi4lebg

Arrival wrote: »

Do any of you know much about the tax aspect of holding long term? I'd like to hold for years, but someone told me that there's some unrealised gains tax after 7-8 years, is this the case? I'd honestly prefer to just hold for many many years, at least some, but if this is the case then it's pretty worrying considering just how high we're hoping the prices to reach

The rate of CGT is ridiculous too, makes you want to potentially emigrate

Deemed disposal is only on UCITS ETFs I believe (maybe some other stuff).

Wouldn't be worrying about cgt until you have a few mill in your wallet and a gaf in the Caymans.

q85dw7osi4lebg

Grumpypants wrote: »

I've a dose of Fomo myself and I held tight against the harsh cruel winter.

Only put 500 in back around the 3k mark.

A well next crash ill clean up

On the bright side you have nearly tripled that.

Bob24

Dohnjoe wrote: »

You are the "second wave" of the weekend rises FOMO, so many SEPA's and transfers should be coming in tomorrow, be curious to see if it trounces the natural pullback

Even with the exchanges’ usually very high fees for card transactions, in this case debit card purchases could have made sense rather than waiting for SEPA transfers (assuming we are talking fairly small amounts which can be processed as a card payment of course, not deposits if 10s of thousands).

And you are making an interesting point on whether delayed SEPA transfers might keep things going. Having said that, given the volumes and the focus on Bitcoin rather than alcoins, I have a feeling that institutional money is at least patioally driving this. Just my opinion and could be wrong, but if correct it could limit the influence of individual investors being delayed while they are panick transferinf money to an exchange.

crushproof

Dohnjoe wrote: »

crushproof wrote: »

Of course I'm sitting here like a lame duck banging my head off my laptop waiting for money to come through to Coinbase

You are the "second wave" of the weekend rises FOMO, so many SEPA's and transfers should be coming in tomorrow, be curious to see if it trounces the natural pullback

Actually been dipping in dribs and drabs since early March, but I have a feeling the next week will be a massive rise before an inevitable dump. When that dump will be, who knows but I'm hanging on for the ride for the time being. Plenty of media coverage to boost Crypto for the next week at least IMO

Dohnjoe

Bob24 wrote: »

Even with the exchanges’ usually very high fees for card transactions, in this case debit card purchases could have made sense rather than waiting for SEPA transfers (assuming we are talking fairly small amounts which can be processed as a card payment of course, not deposits if 10s of thousands).

A surprising number of fiat exchanges don't accept CC any more

q85dw7osi4lebg

We are now too close to 10k to not break it.

We'll be there by Thursday I'd say.

Bob24

Dohnjoe wrote: »

A surprising number of fiat exchanges don't accept CC any more

Do you mean specifically credit cards or you also include debit cards? (I think those are 2 different beasts and while I see a rationale for refusing credit card crypto purchases, I don’t see the problem with debit cards)

( to talk about what I know, I am pretty sure Bitstamp which is regulated in the EU does accept all cards).

Arrival

Addison Fancy Macrame wrote: »

Arrival wrote: »

Do any of you know much about the tax aspect of holding long term? I'd like to hold for years, but someone told me that there's some unrealised gains tax after 7-8 years, is this the case? I'd honestly prefer to just hold for many many years, at least some, but if this is the case then it's pretty worrying considering just how high we're hoping the prices to reach

The rate of CGT is ridiculous too, makes you want to potentially emigrate

Deemed disposal is only on UCITS ETFs I believe (maybe some other stuff).

Wouldn't be worrying about cgt until you have a few mill in your wallet and a gaf in the Caymans.

So there's no limit to how long we can hold cryptos, can just put the wallet away for 10-20+ years? Happy days!

Honestly, the CGT rate just makes me mad. Here we have this emerging technology which is providing many of us who are totally normal, average people the opportunity to make life changing money and potentially setting up our future generations and they feel it's acceptable to force you to give over 33% of your earnings if your hugely risky investment pays off, but if you fail then go **** yourself. I'd happily pay <12.5-15% knowing that it's going to help the country but higher than that just ignites a kind of resentment since that's money that would potentially allow me to work way less/retire earlier/have a better future for my family. Moving to Belgium where they've no CGT isn't a difficult task

JJJJNR

Can't believe this is happening because of fair city.

q85dw7osi4lebg

There's the retrace, 8500 next.

JJJJNR

Nice, alts kicking in.

Copper_pipe

Bitcoin gone up by 200 USD in about 2 hours

q85dw7osi4lebg

Copper_pipe wrote: »

Bitcoin gone up by 200 USD in about 2 hours

$1144 in a day

BearsyBoo

Ive one of those cassacius error coins which is fully loaded, anyone know anywhere in dublin I could sell it?

thunderdog

If previous bull runs are anything to go by, now would be a good time to get into the alts. Typically a lag between the rate of increase of bitcoin and the rate of increase of the alts.

Grumpypants

Bought some ETH last night with my messing money at €171, sold just now at 189.

I have two funds, one holds tight the other lets me buy and sell to scratch that itch without much risk to the overall fund.

sexmag

BitTube up 52% in the last 24 hours,making a tidy profit there

JJJJNR

sexmag wrote: »

BitTube up 52% in the last 24 hours,making a tidy profit there

. Nice nice.

JJJJNR

Bitcoin hash rate :eek::eek:

*Massive pump incoming.

*Maybe a massive sell.

Frozen Veg

Where will I park my yacht.

q85dw7osi4lebg

Frozen Veg wrote: »

Where will I park my yacht.

I'm building a Marina in Drogheda you can have a free berth

sexmag

Binance to reopen deposits and withdrawals tomorrow,major pain in the ass as I've a few alts there

Blueshoe

sexmag wrote: »

Binance to reopen deposits and withdrawals tomorrow,major pain in the ass as I've a few alts there

Why were they closed?

Bob24

Blueshoe wrote: »

Why were they closed?

They were hacked.

Blueshoe

Bob24 wrote: »

They were hacked.

And at the same time bitcoin starts pumping. The weird wild manipulated corrupted world of crypto. Lol

I love it

Bob24

Blueshoe wrote: »

And at the same time bitcoin starts pumping. The weird wild manipulated corrupted world of crypto. Lol

I love it

It is only an exchange which was hacked though, not bitcoin. Because a bank which was holding euros gets robbed doesn’t mean the euro necessarily has a problem.

Blueshoe

Bob24 wrote: »

It is only an exchange which was hacked though, not bitcoin. Because a bank which was holding euros gets robbed doesn’t mean the euro necessarily has a problem.

No its nothing like the banks and the euro

Bob24

Blueshoe wrote: »

No its nothing like the banks and the euro

Basically what happened is that hackers managed to obtain the keys for Binance’s hot wallet, and used them to transfer some bitcoins out. Not a single flow with bitcoin there, just someone who forced into the exchange’s IT systems to obtain what they needed to use bitcoin as designed.

It’s not vastly different from someone raiding a bank and taking away piles of cash.

You can blame the exchange (or the bank) for not protecting its asset well enough (electronically or physically), but in both cases the theft doesn’t correspond to an issue with the asset itself.

And actually in both cases, not only the fact that the asset gets stolen from an institution doesn’t ruin confidence in it, but it can have the opposite effect: if someone choses to go though all those efforts to steal it, it must be valuable.

Truckermal

Bit of sideways action again I had a good day out of MATIC again but it started sliding at about 3pm..

q85dw7osi4lebg

Truckermal wrote: »

Bit of sideways action again I had a good day out of MATIC again but it started sliding at about 3pm..

Did you take any profits or are you full long on it